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Q. > Please Help: tax on livestock
plz tell me what will be treatment of livestock. a person have pension income and have some cattles but not any dairy farm. he sale and purchases this cattles after six months what will be treatment of this sale & purchases of cattles under income tax act 1961. are there any treatment in income tax return. which ITR should be fill
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Comments
Arihant
29-May-2012 , 10:19:42 amI think it shall be treated as short term capital gain..